Bouygues Offshore Report First Quarter Results

Bouygues Offshore report consolidated net sales of $ 235.8 million in the first quarter of 2002, an increase of 8.1 percent over the prior-year period. This sustained growth reflected a high level of activity in the Offshore and Maritime and River Works segments and an upturn in the LNG market. New orders rose by 67 percent to $ 309.4 million over first-quarter 2001, driven by the coming into force of the Rhourde Ouled Djemma field development and construction contract in Algeria and the signature of an LNG contract. Bouygues Offshore thus confirms its presence and market leadership in Algeria, where it operates through its subsidiary BOS Sofresid Algerie, and in the high potential LNG market through Technigaz.